Thrivent Financial for Lutherans Sells 16,237 Shares of Atmus Filtration Technologies Inc. $ATMU

Thrivent Financial for Lutherans reduced its stake in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 8.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 173,844 shares of the company’s stock after selling 16,237 shares during the quarter. Thrivent Financial for Lutherans owned about 0.21% of Atmus Filtration Technologies worth $9,025,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Channing Capital Management LLC raised its stake in Atmus Filtration Technologies by 3,192.8% during the third quarter. Channing Capital Management LLC now owns 1,715,015 shares of the company’s stock worth $77,330,000 after buying an additional 1,662,931 shares during the last quarter. Boston Trust Walden Corp bought a new position in Atmus Filtration Technologies during the fourth quarter worth $44,304,000. First Trust Advisors LP raised its stake in Atmus Filtration Technologies by 49.1% during the third quarter. First Trust Advisors LP now owns 1,527,957 shares of the company’s stock worth $68,896,000 after buying an additional 503,383 shares during the last quarter. Port Capital LLC bought a new position in Atmus Filtration Technologies during the third quarter worth $19,409,000. Finally, New York State Common Retirement Fund raised its stake in Atmus Filtration Technologies by 1,589.1% during the third quarter. New York State Common Retirement Fund now owns 432,389 shares of the company’s stock worth $19,496,000 after buying an additional 406,790 shares during the last quarter. 32.73% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Gretchen R. Haggerty purchased 1,973 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was purchased at an average cost of $55.74 per share, with a total value of $109,975.02. Following the completion of the purchase, the director owned 25,741 shares in the company, valued at approximately $1,434,803.34. This trade represents a 8.30% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.43% of the company’s stock.

Atmus Filtration Technologies Trading Down 4.2%

ATMU opened at $48.22 on Wednesday. Atmus Filtration Technologies Inc. has a 1-year low of $34.58 and a 1-year high of $66.50. The company has a current ratio of 2.53, a quick ratio of 1.70 and a debt-to-equity ratio of 2.47. The company has a market cap of $3.94 billion, a P/E ratio of 18.91, a price-to-earnings-growth ratio of 2.15 and a beta of 1.47. The company has a fifty day moving average price of $58.37 and a two-hundred day moving average price of $56.21.

Atmus Filtration Technologies (NYSE:ATMU) last posted its quarterly earnings results on Friday, May 1st. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.04. Atmus Filtration Technologies had a net margin of 11.56% and a return on equity of 64.29%. The firm had revenue of $477.50 million during the quarter, compared to the consensus estimate of $474.41 million. During the same period in the previous year, the firm posted $0.63 earnings per share. The business’s revenue was up 14.6% compared to the same quarter last year. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. Analysts predict that Atmus Filtration Technologies Inc. will post 2.95 EPS for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Tuesday, May 26th will be paid a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, May 26th. Atmus Filtration Technologies’s payout ratio is 8.63%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ATMU. Zacks Research downgraded shares of Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Citigroup reissued an “outperform” rating on shares of Atmus Filtration Technologies in a research note on Wednesday, February 18th. Robert W. Baird lowered their target price on shares of Atmus Filtration Technologies from $66.00 to $63.00 and set an “outperform” rating for the company in a research note on Monday, May 4th. JPMorgan Chase & Co. lowered their target price on shares of Atmus Filtration Technologies from $70.00 to $67.00 and set an “overweight” rating for the company in a research note on Monday, May 4th. Finally, Weiss Ratings downgraded shares of Atmus Filtration Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 7th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Atmus Filtration Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.75.

Atmus Filtration Technologies Profile

Atmus Filtration Technologies is a global developer and manufacturer of high-performance filter media and filtration solutions. The company designs and produces advanced materials that capture airborne particles across a range of applications, from heating, ventilation and air-conditioning (HVAC) systems to industrial and cleanroom environments. By focusing on proprietary meltblown and nanofiber technologies, Atmus delivers media that balances efficiency, airflow and durability for both original equipment manufacturers (OEMs) and aftermarket customers.

The company’s product portfolio encompasses pleated and panel filter media, depth filtration products and specialty laminates used in industries such as commercial buildings, healthcare, transportation and power generation.